What is the procedure for selling an off-plan property?

Answered on January 23,2023
The procedure for selling an off-plan property in Dubai can vary depending on the developer and the specific terms of the purchase agreement. However, in general, the process would involve the following steps:
Find a buyer: You will need to find a buyer who is interested in purchasing your off-plan property. This can be done through a real estate agent, online platforms, or by advertising the property yourself.
Sign a Memorandum of Understanding (MoU): Once a buyer is found, both parties will need to sign a Memorandum of Understanding (MoU) outlining the terms of the sale, including the purchase price, payment schedule, and any other relevant details.
Transfer of Ownership: After the MoU is signed, the developer will need to transfer the ownership of the property to the new buyer. This typically involves paying the developer the outstanding amount and obtaining the title deed from the developer or Dubai Land Department
Close the Sale: Once the ownership of the property has been transferred and the title deed has been obtained, the sale can be considered complete and the property can be handed over to the new owner.
Please note that this is a general overview of the process and it may vary depending on the developer and the terms of the purchase agreement. It's always advisable to consult a legal professional to ensure all legal requirements are met.
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Related Questions
- Can one sell an off-plan property in Dubai before the completion date?
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